Call for Papers: "Monetary policy in uncertain times: Towards robustness and resilience" • SUERF & OeNB Conference • 22-23 May 2023
Dear colleagues May I draw your attention to the attached SUERF-OeNB call for papers. Submissions are warmly welcomed by 28 February 2023 to suerf@oenb.at<mailto:suerf@oenb.at>. Kind regards, Merry Xmas and a Happy New Year! Ernest Gnan Prof Dr Ernest Gnan Secretary General, SUERF – The European Money and Finance Forum Honorary Economic Advisor to the OeNB Governor ernest.gnan@oenb.at<mailto:ernest.gnan@oenb.at> +43 664 4333384 • @dr_gnan<https://twitter.com/dr_gnan> • LinkedIn<https://www.linkedin.com/in/ernest-gnan-8a6957ab/> www.suerf.org<http://www.suerf.org/> [cid:image002.png@01D91395.8773AC20]<https://www.suerf.org/monpolrobust> Call for Papers www.suerf.org/monpolrobust<http://www.suerf.org/monpolrobust> Dear SUERF Members, SUERF and the Oesterreichische Nationalbank (OeNB) invite paper submissions for the 60th SUERF Anniversary Conference and the 50th OeNB Annual Economic Conference, which will take place in hybrid form in Vienna on 22-23 May 2023, on the topic of “Monetary policy in uncertain times: towards robustness and resilience”<https://www.suerf.org/monpolrobust>. Motivation Monetary policy strategy reviews conducted in the early 2020s by several central banks were informed by a persistent undershooting of inflation targets. A key aim was thus to ensure the effectiveness of monetary policy at the effective lower bound on interest rates, and to bring inflation and inflation expectations back up to target. Given the dramatic overshooting of inflation above target starting from 2021, the question arises whether the analyses made at the time were overly focused on a particular state of the world and failed to be robust to the possibility of dramatically and fast-changing circumstances. The current environment is characterized by higher volatility and higher uncertainty and has shown how large and sudden shocks in a matter of months can sharply change economic and financial conditions, not only locally but also globally. The conference aims to explore avenues to render central banks’ strategies and analytical tools more robust and resilient to unexpected changes in the conditions under which they may need to operate. How to make monetary policy decisions robust and resilient to uncertain outcomes. And how to tailor central bank communication to high inflation and high uncertainty. ________________________________ Call for Papers - pdf<https://www.suerf.org/docc/att/16275/call-for-papers-suerf-oenb-may-2023.pdf> SUERF and the OeNB welcome scientific theoretical and empirical papers which fit into the overall theme of the conference, and contributions on the following, non-exhaustive list of themes: * Optimal inflation target under high uncertainty and multiple shocks * Monetary policy strategies under high uncertainty * Applications of robust control and decision-theory to monetary policy decision procedures under high uncertainty * How to improve forecasting model performance, notably for inflation in a high volatility environment or around turning points? * Shock identification, non-linear effects, changing transmission of shocks, regime-switching effects with large shocks and high inflation * New developments in model simulations and scenario analysis * Interrelations between high inflation, wage formation and profit margins * Interactions/coordination of monetary, fiscal and financial stability policies * Central bank communication under high uncertainty, with high inflation and during regime-switch periods Submission deadline Please submit your (draft) paper by e-mail attachment in pdf format to suerf@oenb.at<mailto:suerf@oenb.at> by 28th February 2023. Papers published prior to the conference are not eligible, working/discussion papers are eligible. Notification of acceptance Submitted papers will be assessed by a jury of OeNB researchers. Authors of accepted papers will be notified by 15 April 2023. Paper Presentation The 8-10 best graded papers will be invited to be presented in two academic sessions at the conference on 23 May 2023, between 9:00 and 12:15 CET in Vienna or online. Further information about the content and application can be found at: www.suerf.org/monpolrobust<http://www.suerf.org/monpolrobust> · Call for Papers (pdf)<https://www.suerf.org/docc/att/16275/call-for-papers-suerf-oenb-may-2023.pdf> We would appreciate it if you could circulate this call for papers among your colleagues and other interested parties. 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participants (1)
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Gnan, Ernest